China's covid lockdowns have hit automakers and raw materials producers hard over the past six months, but ratings agencies believe the worst has passed
Zhejiang Geely Holding Group Co., the satellite-to-automobile group controlled by billionaire Li Shufu, has purchased a majority stake in Chinese smartphone maker Meizu Technology Co., according to a Caixin report that cited an announcement from the State Administration of Market Regulation. Geely unit Hubei Xingji Shidai Technology Co. bought a…